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Leader Of Russian Cybercrime Ring Pleads Guilty

PYMNTS

District Court Judge James Mahan in the District of Nevada charged with violations of the Racketeer Influenced and Corrupt Organizations Act (RICO). The federal law provides extended criminal penalties for theft performed as part of a criminal organization.

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POSaBIT Rolls Out Mobile POS For Cannabis Merchants

PYMNTS

Our fully compliant solution allows businesses to feature a state-of-the-art retail customer experience for both in-store and delivery, while also providing in-depth business analytics and increased revenues for businesses.”. billion by 2020 — the industry is largely cash-based.

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Supreme Court Denies Zappos’ Request To Throw Out Class-Action Suit

PYMNTS

The United States Supreme Court has rejected an appeal by online shoe company Zappos over a data breach in 2012 that compromised the information of 24 million customers, according to a report from Reuters. Originally, a Nevada judge claimed only people who had suffered financial loss were eligible for damages. The 9th U.S.

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Fraudulent Payment Processors Accused Of Stealing Millions

PYMNTS

Complainants in a Nevada lawsuit are accusing the owners of what’s believed to be a fake payments processing company of stealing millions of dollars from an online seller. That seller is beauty product retailer DermaKtive, which claims that a man committed fraud with the assistance of his mother and girlfriend.

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New Big Tech Attacks, Uber Subscriptions Dominate Week’s News

PYMNTS

Nevada Marijuana Dispensary Uses Food Trucks to Sidestep Cards Regs. No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, NV calls itself when charging customers’ credit cards. Pet Retail and CBD Combine Innovative Forces. PayPal’s Q2 Rattles Investors.

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Enabling Digital Commerce At Sporting Venues With Mobile Ticketing

PYMNTS

for instance, nearly half of all Visa transactions at physical points of sale happen via contactless card tap. Asia Pacific lags behind the worldwide average somewhat, with one-third of all in-person transactions happening via contactless card. Approximately 80 percent of gamblers are now betting online. Excluding the U.S.,

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Fintech Fundings: 15 Companies Raise $125 Million Week Ending May 1

Fintech Labs Insights

Electronic gift card platform. Online auto insurance comparison site. Online & mobile payment solutions in Southeast Asia. Online real estate investment platform. HQ: Las Vegas, Nevada. Tags: Prepaid, gift card, non-profits, mobile. Total raised: $61.7 Source: Finovate. Loop Commerce. Total raised: $29.2